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Articles Tagged with ''QXO''

A picture of the vault inside the Federal Reserve Bank of St. Louis.

Liquidity

QXO Start-Up Raises $620M in New Private Placement

After closing, the company anticipates having $5B in cash and no debt

Bryan Gottlieb

July 22, 2024

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QXO, Inc., a rising leader in construction materials distribution, announced an additional $620 million in private placement financing, bringing the company's war chest to a staggering $5 billion.

Capitalization

QXO Announces $3.5 Billion Private Placement

New ‘kid on the block’ has amassed a substantial war chest to make its presence known

Roofing Contractor Staff

June 19, 2024

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QXO, Inc., a new building products distributor, announced a $3.5 billion private placement, selling 340.9 million shares at $9.14 each and is expecting to close in Q3 2024 with 821.6 million shares outstanding; QXO is listed on the NASDAQ.

Start-Up

New Building Products Distributor Startup 'QXO' Names CFO

Ihsan Essaid appointed chief financial officer

Bryan Gottlieb

June 3, 2024

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Brad Jacobs, a billionaire who first made his fortune in the waste management industry, announced the launch of QXO, a tech-forward building products distribution start-up and hired Ihsan Essaid as its CFO.